What makes Samsung Pay different (at least until LG Pay hits the states in H1 of 2018), is the fact that the mobile payment system works with both NFC enabled check-out platforms, and with older POS registers that do not work with NFC. For the latter, Samsung Pay uses magnetic secure transmission (MST). This allows Samsung Pay to work on any POS system that accepts swiped credit cards, which includes just about any retailer. LG Pay also plans on using both a traditional NFC system and one that works with magnetic card readers.
The Samsung Pay app, found in the Google Play Store, has just …